Boeing’s CEO is trying to find buyers for 50 planes after Chinese airlines cancelled their orders amid Trump’s trade war
Shout CEO Kelly Ortberg has announced on Wednesday that he does not expect USCommercial War with ChinaTo prevent the company’s financial recovery, neither can prevent the aircraft shipping targets from the Chinese airlines now refusing to take Bozhar aircraft.
Speaking about CNBC, Ortberg said that Boeing had three planes in China, which are ready for delivery, but Chinese airlines have stopped planes due to the tariff environment. “
Beijing raised his import taxAmerican goods up to 125%This month, raising US President Donald Trump for revengeMade in China up to 145%A number of China’s tariffs more than doubled the value of the passenger transportation, which Boeing, the largest exporter of the United States, sells tens of millions of dollars.
While the company planned to make 50 orders for Chinese airlines this year, Ortberg says that Boeing was “actively valuing” the options for distracting other interested buyers.
“It’s an unfortunate situation, but we have many customers who want to deliver in the next term, so we plan to redirect the supply of stable demand, and we are not going to take them.
DrasticWashington and Beijing are less threatening for Boeing than it could be a decade ago, when about a quarter went to China.
The company’s business in China fell in 2019 when the country became the first to establish all Boeing737 Max planesFollowing a pair of fatal crasheskilled 346 peopleless than five months. Chinese airlines have not resumed the maximum flights until January 2023, but more later than other countries.
China is currently about 10% of the $ 500 billion order.
About 70% of commercial planes expecting Arakel 2025 for international customers, the West said. If the tariffs cause countries other than China to vengitate and postponeaccommodation“We look forward to seeing additional pressure on Boeing’s funds, he said.
“Taking into account our position as a significant exporter of the United States, free trade, free trade policy remains very important for us,” the West said.
Trump’s pursuit that he describes as the unscrupulous trading policy of other nationsWork strikeIt closed the production last year. The company sawits incomeand the value of shares is a sharp drop.
Boeing reports that Boeing reports that the company’s recovery program “goes through all over the fact that it is effective in all over Wednesday.”
Boeing has installed an adjusted loss of 49 cents per share of a share of $ 19.5 billion. The results are headed by the expectations of Zaxi Investment Research Analysts, which have called for $ 1.54 per share of $ 19.29 billion.
The company also significantly reduced its funds about $ 2.29 billion, about $ 4 billion last year.
Boeing’s shares based in Arlington, Virginia, increased by 6.6% in mid-trade.
Trump stated that he had caused fragile tariffs on April 2 that caused panic in financial markets and caused fears of decline. The PresidentIn particular, keep 90-day on import taxesbut added to its alreadySharp tariffs against ChinaA number
US Treasury SecretaryScott Betting:said aspeechOn Tuesday, this situation was unstable, and he expected “a debration” between the two largest economies in the world.
This story was originally shown Fortune.com
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